Phoenix, AZ 85029,1559 W MERCER Lane
Phoenix, AZ 85029,1559 W MERCER Lane
Phoenix, AZ 85029,1559 W MERCER Lane
Phoenix, AZ 85029,1559 W MERCER Lane
Phoenix, AZ 85029,1559 W MERCER Lane
Phoenix, AZ 85029,1559 W MERCER Lane
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$660,000

$699,950

5.7%
Est.Price: ?

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Est. payment /mo

SOLD DATE : 12/06/2022

Key Details

Sold Price $660,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Muy Felices Casas Lt 1-20 Tr A-G

MLS Listing ID 6432898

Sold Date 12/06/22

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Year Built 1984

Annual Tax Amount $1,711

Tax Year 2021

Lot Dimensions 68' x 63'

Property Description

ATTENTION BUYERS - Have you considered the investment strategy of an FHA purchase of a multi-unit building?

ATTENTION INVESTORS - Ask us how to save hundreds on your monthly payment, seller is willing to participate in rate buydown and increase your ROI.

This Fourplex has been very well maintained and has undergone many recent updates. All units are very spacious 2 bedrooms, 2 full bathrooms with a fireplace in all four! Both downstairs units have their own backyard & upstairs units have vaulted ceilings and private balconies!

All appliances are landlord owned and convey with the property. The roof was replaced last year and the exterior was just painted last month. See documents tab for list of updated appliances and HVAC systems/components.

100% occupancy in this building with room to increase rates at renewal time. One unit is expiring in October which makes it ideal for a buyer needing to occupy or the next unit to see an increase in rent.

Location

State AZ

County Maricopa

Community Muy Felices Casas Lt 1-20 Tr A-G

Zoning R3A

Direction From 19th Ave and Peoria - South on 19th Ave, East on Saguaro to Muy Felices Community. Turn left (north) on 16th Ave, second building on the right.

Interior

Heating Central, Electric

Cooling Central A/C, Electric, Ceiling Fan(s)

Appliance Dishwasher, Disposal, FS OvenRange, Refrigerator, WD Hookup, Microwave, WasherDryer

Exterior

Garage Common

Community Features Pool

Waterfront No

Roof Type Tile, Foam

Parking Type Common

Total Parking Spaces 8

Building

Sewer Sewer-In & Connected, Public Sewer

Water City Franchise, Master Meter

Schools

Elementary Schools Shaw Butte School

Middle Schools Mountain Sky Middle School

High Schools Greenway High School

School District Glendale Union High School District

Others

Senior Community No

Tax ID 159-14-083

Acceptable Financing No Carry, Conventional, 1031 Exchange

Listing Terms No Carry, Conventional, 1031 Exchange

Financing Cash

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Arizona Regional MLS (ARMLS)
Listed by Evolution Real Estate, LLC
Bought with Non-MLS Office
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(623) 694-3799

terry@katerrarealty.com

42201 N 41st Dr Suite B144, Anthem, AZ, 85086, United States

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